Dirty Money: New Insights and Emergent Issues

17 and 18 May 2018, Queen Mary University, London

The focus on ‘dirty money’ is now firmly entrenched in policy and law enforcement responses to organised crime, terrorism and corruption. There are regular pronouncements about the threat posed by dirty money (such as the recent revelations about the Russian and Azerbaijan ‘Laundromats’ or the Paradise Papers); its infiltration into different sectors/markets (such as banking, antiquities, real estate); the role of professional enablers (such as lawyers and accountants) in money laundering or terrorist financing; and the importance of illicit finance in facilitating crime and terrorism (most recently in the context of ISIS). These threats have produced calls for reform of legislative or regulatory frameworks and/or greater law enforcement powers.

There are already detailed rules – at the national and supranational level – governing anti-money laundering (AML), confiscation of assets, and counter terrorist financing (CTF). These rules continue to grow in volume and complexity, as recently evidenced in the implementation of the (EU) Fourth Money Laundering Directive and the (UK) Money Laundering Regulations 2017, as well as the (UK) Criminal Finances Act 2017.

In order to further explore ‘dirty money’ the AHRC funded a conference that brought together emerging researchers in the fields of criminal assets, money laundering, terrorist financing, and their legislative, regulatory and policy responses, to offer fresh perspectives on areas including (but not limited to):

  • new or evolving approaches to asset confiscation or countering ML/TF;
  • new understandings of theoretical, conceptual or analytical gaps in relation to ‘dirty money’ and its control;
  • the role of ‘gatekeepers’ or ‘professional enablers’ in money laundering/terrorist financing;
  • infiltration and/or regulation of legitimate sectors and markets, including banking, antiquities, real estate, casinos and gambling
  • novel methods and vulnerabilities such as cryptocurrencies.

 

Day 1: 17 May 2018 

Panel 1: Developments in Anti-Money Laundering
  • Sam Bourton, University of the West of England
  • Vanessa Iafolla, University of Waterloo
  • Olufemi Olaoye, University of Manitoba 
Panel 2: Asset Recovery and Confiscation
  • Sirajo Yakubu, University of London
  • Craig Fletcher, Manchester Metropolitan University
Panel 3: Finances of Corruption and Corporate Crime
  • Rossella Sabia, LUISS Guido Carli University
  • Nicholas Mills, Reading University
  • Khaled S. Al-Rashidi, University of Leeds
Keynote Address: Professor Susan Rose-Ackerman

 

Day 2: 18 May 2018 

Panel 4: (Anti-)Money Laundering and the Legal Profession
  • Nathaneal Ali, Erasmus University
  • Katie Benson, Lancaster University
  • Sarah Kebbell, University of Sheffield 
Panel 5: Emerging Risks in Money Laundering and Terrorist Financing
  • Ilaria Zavoli, University of Leeds
  • Sam Hardy, University College London / American University of Rome 
Panel 6: Financial Intelligence Units
  • Foivi Sofia Mouzakiti, Queen Mary University of London
  • Killian Chaudieu, University of Lausanne/University of Montreal 
Panel 7: Counter-Terrorist Financing Policy and Practice
  • Doron Goldbarsht, Macquarie University
  • Ahmed Almutawa, University of Leeds
  • Zeynab Malakouti Khah, University of Leeds

This project was funded by the AHRC Leadership Fellowship scheme (ref: AH/P00640X/1).